Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.

Pentagon Awards 6 Contracts Monday

Boeing, Oshkosh, and UTC grab what few contracts are to be had.

The Department of Defense started off the week slow Monday, awarding only a bare half-dozen contracts, and most of them for relatively small dollar values (in Pentagon terms). Among traditional "defense" contractors, the winners were:

Boeing(NYSE:BA), which was awarded $21.4 million as a modification to a previously awarded firm-fixed-price contract to upgrade the Training System Support Center to prepare it for Low Rate Initial Production Lot III of the new Boeing P-8A Poseidon subhunting aircraft. Work on this contract should be complete by August 2016.

United Technologies' (NYSE:UTX) Pratt & Whitney division, which won a firm-fixed-price contract worth $8.8 million to supply the U.S. Air Force with spare parts. (Spare parts for what was not specified.) This contract should be complete by Nov. 30, 2016.

The U.S. Marine Corps, which placed an $8 million fixed-price delivery order with Oshkosh's(NYSE:OSK) Defense division. These funds will pay for 32 Medium Tactical Vehicle Replacement variants, camouflage paint, and also ... federal vehicle retail excise taxes. Oshkosh is expected to deliver the vehicles by Sept. 30, 2014.

Author

I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well. Follow me on Twitter or Facebook for the most important developments in defense & aerospace news, and other great stories besides.